Abu Dhabi Securities Exchange (ADX) has recorded its highest rise in terms of market value and trading value at the end of the second quarter of 2022, according to the Arab Monetary Fund (AMF).
In its quarterly bulletin on the performance of Arab stock markets issued Wednesday, the AMF said that the ADX achieved an increase of US$29.23 billion in terms of market value, rising from $513.19 billion at the end of the first quarter of 2022 to $542.42 billion in the second quarter of 2022.
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45 billion, reaching $143.57 billion by end of the second quarter of 2022, compared to $119.12 billion in the first quarter.
The AMF report also said that the market value of Arab financial markets listed in its database dropped by about 2.86 percent, equivalent to nearly $126.89 billion, reaching some $4,311.93 billion by end of the second quarter of 2022.
It said that most performance indicators of Arab stock exchanges witnessed consistent decline.
The report added that several Arab markets declined in performance due to rises in interest rate by the US Federal Reserves and a number of international banks in the Arab region, as well as inflationary pressures.
